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$1,049,000
7 Beds ⋅ 3 Baths ⋅ PW26129372 MLS ⋅ Active Status
First time on the market in 28 years, this is a rare opportunity for an owner occupant to live in one unit while the others pay your mortgage. The property features two legal units — a 2 bed/1 bath front unit and a 3 bed/1 bath back unit — plus a non conforming 2 bed/1 bath garage conversion in the rear that has been fully built out with a complete kitchen, in unit laundry, and its own private covered patio. Whether you move into the spacious 3 bedroom back unit and collect rent from the front and rear, or configure the setup to fit your household's needs, the income from the other units will go a long way toward offsetting your carrying costs. Long term tenants are already in place, so day one cash flow is built in. Five surface parking spaces, three along the side driveway and two marked spaces in front, keep things practical for everyone on site. The marketed square footage reflects the two legal units only and does not include the non conforming rear unit — buyer and agents to confirm all details. The location does the heavy lifting on tenant demand. LAX, the Inglewood stadiums, South Bay hospitals, major retail corridors, and a dense base of service, trade, and light industrial employers are all within easy reach, with Downtown LA a straightforward freeway commute away. This is the kind of pocket that attracts stable, working tenants who need quality housing close to where they work — which is exactly what makes this a property worth holding for the long term.

4853 W 116th, Hawthorne
$1,049,000
PW26114909 MLS ⋅ Active Status
First time on the market in 28 years! A 2 unit multifamily property with a bonus non conforming unit, located in the northwest area of Hawthorne. The property features long term tenants residing in a 2 bedroom/1 bathroom front unit and a 3 bedroom/1 bathroom back unit. The back unit was originally configured with two smaller bathrooms, which ownership upgraded to one large bathroom many years ago. Also included are 3 detached garages in the rear that were converted over 10 years ago into a non conforming 2 bedroom/1 bathroom unit, complete with a full kitchen, in unit laundry, and its own private covered patio. The property offers five surface parking spaces, three along the side driveway and two marked spaces in front. Please note that the marketed square footage reflects the two legal units only and does not include the additional non conforming unit, buyer and agents to confirm all property details. The surrounding area benefits from a broad and diverse employment base that drives reliable, consistent rental demand. From LAX and the stadiums in Inglewood to the hospitals, retail corridors, and the countless service, trade, and light industrial employers that define the South Bay workforce, and with Downtown LA just a short freeway commute away, this pocket of Hawthorne attracts hardworking, stable tenants who need quality housing close to the major job markets. That consistent demand is what makes this an attractive long term hold for investors at any level. This is an excellent opportunity for an investor seeking stable, reliable income while capitalizing on the upside potential of legalizing the rear unit, or for an owner occupant looking to move into one or more units while offsetting carrying costs with rental income from the others.

4853 W 116th St, Hawthorne

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.